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Cryptocurrency News Articles

NFT.NYC 2023: The Event Where NFTs Died

Aug 02, 2024 at 03:06 am

NFT or non-fungible token trading volumes are tanking. July's sales have crawled to $393 million so far, the lowest since November 2023.

NFT.NYC 2023: The Event Where NFTs Died

NFT trading volumes have hit a new low in July, reaching $393 million so far, according to Cryptoslam data.

Daily trades have dipped below $14 million, marking the lowest level for the year.

NFT sales have been on a downward spiral since Q1, with a 45% drop to Q2.

Now that digital art is on its last legs, what’s next for NFTs? I would love to know, but I don’t think the NFT.NYC community does, either.

Original source:99bitcoins

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